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Yes. Very roughly, these 22 countries worth about 20% of global GDP so, taking Zucman's $190 bn offshore tax evasion estimate, might expect $40 bn if this estimate is on target - cf. Panama papers $1.2 bn total (which covers multiple years, but only one, albeit major provider) https://twitter.com/dslesperance/status/1116269467917606912 …
Someone did a rough analysis of how much of the offshore market the Mossack Fonseca might encompass, three years ago.......Can anyone remember where that was @phdskat @martinhearson @DanNeidle ?
Doesn't ring a bell for me, sorry :) But it's great we're starting to get some visibility of the scale and revenue implications of PanamaPapers. Still, imo, too difficult to extrapolate from that info and compare directly to global macro estimates
I don't think there is reason not to (v back of an envelope) look at orders of magnitude of macro estimates, datapoints and the facts we know & put them on same mental map. Zucman's global '80% is undeclared' estimate after all is extrapolation from one datapoint on Swiss banks!
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